UPAR UPAR Ultra Risk Parity ETF

*Unless otherwise stated, data provided by FactSet.

UPAR Fund Description

UPAR is actively managed to provide leveraged exposure to an index that allocates to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity.

UPAR Factset Analytics Insight

UPAR uses leverage in an effort to balance portfolio risk across four asset classes: TIPS, US treasuries, global equities and commodities. It targets an allocation that is 160-180% of the fund’s net asset value at each quarterly rebalance. The fund’s asset allocation uses “risk-parity” approach to target similar risk contributions from each asset class based on their long-term historic volatility. This means that roughly half of UPAR’s portfolio is made up of relative low-risk assets, TIPS and US treasuries, and half allocated to high risk, equities and commodities. The fund will also use US treasury futures, ADRs/GDRs, repurchase agreements, ETFs tracking broad-based equity index, and other exchange-traded vehicles in achieving its desired exposure. With such investments, UPAR aims to generate returns during economic growth, preserve capital during economic contraction, and preserve rates of return during heightened inflation.

PERFORMANCE [as of 09/27/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
UPAR -18.38% -16.62% -- -- -- -- --
UPAR (NAV) -18.80% -15.99% -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

UPAR Summary Data

RPAR
01/03/22
Open-Ended Fund
0.65%
$39.09M
$541.06K
0.79%

UPAR Portfolio Data

Tactical Asset Allocation
--
N/A
--

UPAR Index Data

No Underlying Index
Proprietary
Proprietary
N/A

UPAR Portfolio Management

0.65%
--
--
--

UPAR Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

UPAR Fund Structure

Open-Ended Fund
No
--
-- / --
N/A
N/A
Low
Daily

UPAR Factset Analytics Block Liquidity

As of 09/28/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of UPAR. UPAR is rated a N/A out of 5.

UPAR Tradability

38,414
$541.06K
16,041
$247.87K
0.79%
$0.11
0.46%
1.72% / -1.23%
None
--
50,000
0.32
--
--
0
$12.05
N/A

UPAR Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

UPAR Top 5 Holdings Long

6.32%
5.79%
5.68%
5.53%

UPAR Top 5 Holdings Short

-3.97%

UPAR Performance Statistics

--
8.12%
-14.53%
-0.19
-0.25
-0.58
1.13

UPAR Correlations (Daily Returns 12 Mo)

0.62
0.69
0.24

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.